Daktronics, Inc. (NASDAQ:DAKT) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 35.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,919 shares of the technology company's stock after purchasing an additional 25,530 shares during the quarter. Stifel Financial Corp owned about 0.21% of Daktronics worth $1,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Daktronics by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,450,964 shares of the technology company's stock worth $41,323,000 after purchasing an additional 11,099 shares during the last quarter. American Century Companies Inc. grew its position in Daktronics by 11.3% during the 4th quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company's stock worth $23,406,000 after purchasing an additional 140,482 shares during the period. Geode Capital Management LLC raised its stake in shares of Daktronics by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 939,809 shares of the technology company's stock valued at $15,849,000 after buying an additional 27,672 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Daktronics by 554.6% in the 4th quarter. Invesco Ltd. now owns 724,796 shares of the technology company's stock valued at $12,220,000 after buying an additional 614,075 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Daktronics by 9.6% in the fourth quarter. Renaissance Technologies LLC now owns 570,061 shares of the technology company's stock worth $9,611,000 after buying an additional 50,148 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company's stock.

Daktronics Price Performance

Shares of Daktronics stock traded up $0.21 on Monday, hitting $14.23. The company's stock had a trading volume of 26,156 shares, compared to its average volume of 472,046. The company has a market capitalization of $709.73 million, a price-to-earnings ratio of 56.82, a price-to-earnings-growth ratio of 0.57 and a beta of 1.56. The firm has a fifty day moving average price of $12.55 and a 200-day moving average price of $14.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. Daktronics, Inc. has a 1 year low of $10.24 and a 1 year high of $19.89.

Analyst Upgrades and Downgrades

Separately, Craig Hallum assumed coverage on Daktronics in a research report on Wednesday, January 22nd. They set a "buy" rating and a $26.00 price target for the company.

Insider Activity

In related news, Director Andrew David Siegel purchased 7,200 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $11.82 per share, with a total value of $85,104.00. Following the purchase, the director now owns 40,946 shares of the company's stock, valued at $483,981.72. The trade was a 21.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.50% of the company's stock.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.